Economic development must be equitable -Minister Peiris

External Affairs Minister Professor G.L.Peiris was the chief guest at the 53rd annual general meeting of the National Chamber of Commerce, held at Continental Hotel, Colombo recently.

Prof. Peiris, in his address, explained the economic policy of the government for making use of the wide range of opportunities now available to the country after the eradication of terrorism.

Economic development, he said, must not only be rapid but also equitable, making it possible for its benefits to be enjoyed not only in and around the capital city but throughout the rural hinterland.

He dealt with the measures which the government had adopted to ensure that the growth of the economy, currently at the threshold of 8%, reflects itself in tangible benefits transforming the lives of the people.

He minister laid particular stress on connectivity and skills development as key components of the government's economic strategy, and identified, as one of its central features, a pragmatic balance between mega projects, essential for the country's well-being in the long and medium term, and projects at the village level providing relief for the people in the short term by the improvement of facilities with regard to transport, education and healthcare.

Minister Peiris underlined the importance of ensuring that any plan for economic development, if it is to be relevant and sustainable, is in harmony with the values and cultural traditions of the people.

He emphasized the need for a fruitful partnership between government and private sector to maximize the benefits accruing to the nation from the current climate of peace and stability. President of the National Chamber of Commerce Asoka Hettigoda set out the three main objectives of the Chamber – expanding Sri Lanka's trade and commercial relations with the Asian region, sustainable development and the refining of skills.

He explained the Chamber's programme of work for the year ahead. The launch of the Annual Report and the News Bulletin at the National Chamber of Commerce was one of the highlights of the proceedings.

Members of the diplomatic community and business leaders were among the participants.